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�Welcome To The AGM

13th December 2022

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Chair’s Report 2021/22

Financial Statements 2021/22

The Birks Cinema Limited. Draft Profit & Loss Account at 31 March 2022
	2021-22	2020-21	2019-20
Turnover	£276,323	£56,030	£376,040
Cost of sales	£124,890	£20,731	£141,866
Gross profit	£151,433	£35,299	£234,174

Administrative expenses	£251,207	£195,838	£239,480
Intercompany loan written off	£0	£0	£245,000
Support grants (including CJRS)	-£92,853	-£156,039	£0
Operating (loss)/profit	-£6,921	-£4,500	£239,694

Interest payable and similar expenses	£1,576	£706	£1,801
(Loss)/profit before taxation	-£8,497	-£5,206	£237,893
Tax on (loss)/profit	£0	£0	£0
(Loss)/profit for the financial year	-£8,497	-£5,206	£237,893

TBCL Balance Sheet at 31 March 2022

	2021-22	2020-21	2019-20
Current assets
Stocks	£4,441	£3,035	£3,532
Debtors	£24,108	£13,302	£7,517
Cash at bank and in hand	£53,142	£45,998	£11,975
	£81,691	£62,335	£23,024

Creditors: amounts falling due within one year	£213,919	£186,065	£141,548
Net current liabilities	-£132,228	-£123,730	-£118,524
Capital and reserves
Called up share capital	£2	£2	£2
Profit and loss reserves	-£132,230	-£123,732	-£118,526
Negative equity	-£132,228	-£123,730	-£118,524

TBCT Statement of Financial Activities to 31 March 2022
	31.3.2022	31.3.2021	31.3.2020
Income
Investments	£22,416	£9,679	£29,029
Donations & Legacies	£62,449	£160,779	£85,431
Charitable Activities	£2,309	£19,612	£7,022
Other trading activities	£8,410	£9,386	£5,449
Total income	£95,584	£199,456	£126,931
Expenditure
Raising funds	£672	£379	£1,697
Charitable Activities	£236,207	£229,860	£412,322
Total expenditure	£236,879	£230,239	£414,019

Net movement of Funds	-£141,295	-£30,783	-£287,088

Funds at beginning of year	£1,175,726	£1,206,509	£1,493,597
Funds at end of year	£1,034,431	£1,175,726	£1,206,509

TBCT Balance Sheet at 31 March 2022

	31.3.2022	31.3.2021	31.3.2020
Fixed Assets
Intangible Assets	£2,099	£3,892	£3,151
Tangible Assets	£848,565	£916,132	£1,015,624
Investments	£2	£2	£2
	£850,666	£920,026	£1,018,777
Current Assets
Debtors	£116,309	£95,111	£92,662
Cash at bank and in hand	£125,796	£184,994	£131,223
	£242,105	£280,105	£223,885
Creditors due within 1 year	£58,340	£24,405	£36,153
Total assets less current liabilities	£1,034,431	£1,175,726	£1,206,509

Funds
Restricted Funds	£886,616	£968,849	£1,001,348
Unrestricted Funds	£147,815	£206,877	£205,161
Total Funds	£1,034,431	£1,175,726	£1,206,509

��An Update

What’s been happening since 31st March 2022

13th December 2022

Our agreed vision for the combined TBCT-TBCL enterprise at March 2023:

A sustainable social enterprise and hub focused on arts and culture meeting the needs of Highland Perthshire, generating sufficient profit to address the charitable objectives of the Trust and be self-sustaining in the long-term.

Our Vision

Estimated Financials YTD

April, Cafe Bar Manager resigns, struggling to recruit staff, film slate poor following lockdown but two live performances (and Sonic The Hedgehog) save the day, 5 day week
May, begin to move film programming more inhouse, quiet season commences but Downton Abbey 2 is a winner,, room rentals start again but staffing situation in critical
June, new programming with focus on variety commences, Top Gun Maverick opens, return to six day opening
July, cinema figures improve despite warm weather, Top Gun continues to perform well, and Prima Facie live from the National Theatre sells out two performances, no cook so cafe sales suffer.

This year so far

August, weak film slate and hot, humid weather depress sales.
September, Fishermans’ Friends is the strongest film but live performances carry the month EIBF, Andre Rieu, RSC’s Richard III and the Royal Opera.
October, Cafe Bar sales at last hitting budget and cinema showing a profit on some weeks, variety in programme paying dividends
November, a string of popular films - The Banshees of Inishern, Mrs Harris .., and Living all doing well, SMT and board attend strategy workshop
December, stream World Cup games in the auditorium but prohibited by FIFA to advertise, open seven days a week.

This year so far

Looking Forward